Trump Administration Offers New Flexibility in Opportunity Zones

Richard Rubin

WASHINGTON—The Treasury Department is releasing a new round of regulations for tax-favored investments in low-income areas—aiming to clarify definitions for investors who are seeking to use the tax break, but wary of moving forward without clear rules.

The new rules for the opportunity-zone program should make it easier for fund managers to raise money and for developers to begin construction. Investors have been eagerly awaiting the regulations, particularly because the maximum tax benefits from putting money into opportunity...